Newly Built Turnkey
917 North 43rd Street Philadelphia, PA 19104
917 North 43rd Street, Philadelphia, PA, 19104
$775,000
For Sale
$775,000
Newly built turnkey triplex with in-unit laundry, large windows, and stainless appliance packages, plus a 10-year tax abatement.
Property Size2,550 SF
Price / SF$303.92
Days on Market341
Property Features for 917 North 43rd Street
General Information
- Standard status
- Active
- Size
- 2,550 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2024
Listing agency
United Real Estate
(215) 880-2225
Listed by
Leighanne Tancredi · License #RS328923
(215) 880-2225
Source
Compass
Added: Aug 17, 2025 Updated: Jul 21 at 8:48PM Checked: Jul 22 at 10:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate
Investment Insights
Based on property information with market context.
Welcome to a newly built, turnkey triplex at 917 N 43rd Street in Philadelphia (19104). The property is presented with strong interior finishes and practical in-unit features designed to support everyday living across all three units.
Each unit includes large windows for natural light, in-unit laundry, and modern stainless steel appliances. Kitchens offer shaker cabinetry and granite countertops, along with dishwashers, microwaves, and full-size refrigerators. The triplex totals approximately 2,550 square feet.
As noted in the listing, the property includes a full 10-year tax abatement, adding to the overall cost predictability for qualified buyers.
Each unit includes large windows for natural light, in-unit laundry, and modern stainless steel appliances. Kitchens offer shaker cabinetry and granite countertops, along with dishwashers, microwaves, and full-size refrigerators. The triplex totals approximately 2,550 square feet.
As noted in the listing, the property includes a full 10-year tax abatement, adding to the overall cost predictability for qualified buyers.
Key Highlights
- Newly built 3‑unit triplex built in 2024
- Total 2,550 sq ft triplex with modern finishes and large windows in each unit
- Each unit includes in‑unit laundry
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.8k | $25.80 |
| − Vacancy | −$3.6k | −$1.42 |
| EGI | $62.2k | $24.38 |
| − OpEx | −$18.6k | −$7.31 |
| NOI | $43.5k | $17.06 |
2,550 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$621.6K
$543.9K – $725.3K
NOI $43,515 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$573.0K
$501.4K – $668.5K
NOI $40,110 @ 7.0% cap · market cap 5.18%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Newly built turnkey triplex with in-unit laundry, large windows, and stainless appliance packages, plus a 10-year tax abatement.
Where is this triplex located?
The property is located at 917 North 43rd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Newly built 3‑unit triplex built in 2024; Total 2,550 sq ft triplex with modern finishes and large windows in each unit; Each unit includes in‑unit laundry
